bankrupt cities

Use of Chapter 9 Bankruptcy (by Number, Type and Year)

Jul 14, 2015 | Municipal Bankruptcy, Municipal Bankruptcy and Default, Municipal Finance

Historically the use of Chapter 9 bankruptcy by a municipality has been rare and a last resort: Since 1954, virtually all of those municipalities that filed Chapter 9 were small or not major issuers of Bond Debt except for Bridgeport, CT in 1991, Orange County in...

Illinois Pension Reform Legislation Is Legally Justifiable and in the Best Interest of All

Dec 16, 2014 | Municipal Finance, New & Noteworthy, Public Pensions, States

by James Spiotto On November 21, 2014, the Circuit Court for the Seventh Judicial Circuit in Sangamon County, Illinois presiding over the consolidated Illinois State Pension Reform Litigation ruled that the pension reform legislation passed by the State Legislature...

bankrupt cities

Use of Chapter 9 Bankruptcy (by Number, Type and Year)

Illinois Pension Reform Legislation Is Legally Justifiable and in the Best Interest of All

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